Grupo Supervielle (NYSE:SUPV) Trading Up 8.9% – Here’s Why

Grupo Supervielle S.A. (NYSE:SUPV)’s share price was up 8.9% during trading on Thursday . The stock traded as high as $12.04 and last traded at $11.97. Approximately 812,714 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 1,636,264 shares. The stock had previously closed at $10.99.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SUPV shares. JPMorgan Chase & Co. raised shares of Grupo Supervielle from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $5.00 to $12.00 in a research report on Tuesday, October 28th. UBS Group began coverage on Grupo Supervielle in a research note on Wednesday, November 19th. They set a “neutral” rating and a $13.00 price target for the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Grupo Supervielle in a research report on Monday. Wall Street Zen cut shares of Grupo Supervielle from a “hold” rating to a “sell” rating in a research report on Saturday, December 13th. Finally, Bank of America reissued a “neutral” rating on shares of Grupo Supervielle in a research report on Wednesday, November 26th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $13.33.

Grupo Supervielle Price Performance

The company has a market cap of $1.05 billion, a PE ratio of 100.34, a price-to-earnings-growth ratio of 40.63 and a beta of 1.76. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a fifty day moving average price of $9.98 and a 200-day moving average price of $9.41.

Grupo Supervielle (NYSE:SUPV) last posted its quarterly earnings results on Tuesday, November 25th. The company reported ($0.43) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.46). Grupo Supervielle had a net margin of 0.69% and a return on equity of 1.15%. The company had revenue of $178.38 million for the quarter, compared to analysts’ expectations of $252.85 billion. On average, equities analysts expect that Grupo Supervielle S.A. will post 1.5 earnings per share for the current year.

Hedge Funds Weigh In On Grupo Supervielle

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mak Capital One LLC lifted its holdings in shares of Grupo Supervielle by 36.7% during the third quarter. Mak Capital One LLC now owns 4,000,000 shares of the company’s stock worth $19,800,000 after buying an additional 1,074,732 shares during the last quarter. PointState Capital LP boosted its stake in shares of Grupo Supervielle by 30.1% in the 1st quarter. PointState Capital LP now owns 2,467,243 shares of the company’s stock valued at $32,222,000 after purchasing an additional 570,523 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Grupo Supervielle by 16.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,634,873 shares of the company’s stock valued at $21,351,000 after acquiring an additional 225,486 shares during the last quarter. Sparta 24 Ltd. boosted its stake in Grupo Supervielle by 39,572.6% in the third quarter. Sparta 24 Ltd. now owns 1,002,526 shares of the company’s stock worth $4,963,000 after purchasing an additional 999,999 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Grupo Supervielle by 7.0% in the third quarter. Millennium Management LLC now owns 876,252 shares of the company’s stock worth $4,337,000 after acquiring an additional 57,040 shares during the last quarter.

Grupo Supervielle Company Profile

Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The company operates through Personal & Business Banking, Corporate Banking, Bank Treasury, Consumer Finance, Insurance, and Asset Management and Other Services segments. It offers savings accounts, time and demand deposits, and checking accounts; various loan products, including personal, consumer, mortgage, unsecured, and car loans; overdrafts; loans with special facilities for project and working capital financing; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, international guarantees and letters of credit, payroll payment plans, credit and debit cards, and senior citizens benefit payment services, as well as financial services and investments, such as mutual funds and guarantees.